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TTC tokens

Posted: Mon Jan 14, 2019 7:06 pm
by carlg
I bought 3 rolls of tokens last December ($150 per roll). I am now aware that they are phasing out TTC tokens. By August they will no longer be selling tokens and by the end of the year they will no longer accept tokens as fare. The TTC is not giving a refund for unused tokens. Nor are they allowing people the option to transfer the value of the tokens to the new system of payment- a PRESTO card (which is provincially run, and another sign that coinage is going to be a thing of the past). All they will do is replace tokens for monthly passes and tickets which also will be phased out. I am wondering whether I should get rid of my tokens as soon as possible or keep them. Common sense suggest to save just a few, maybe 5 or 10....

Re: TTC tokens

Posted: Wed Jan 16, 2019 10:23 am
by troubadour
well they made so many of them i dont know if it is worth it to keep them
there are better opportunities to invest in tokens than the ttc ones

Re: TTC tokens

Posted: Wed Jan 16, 2019 8:45 pm
by carlg
You are probably right. I will just keep a couple...So with the demise of the cent and now the token, I think coinage and currency will be a thing of the past (people pay for stuff with credit cards and debit cards) in the future.